Travelport issued its debut quarterly earnings report following its listing on the public markets, with revenue and adjusted EBITDA up 3% and 4% respectively.
The figures for the year-to-date saw net revenue increase to $1,652 billion over the same period in 2013, with adjusted EBITDA climbing from $408 million to $430 million for the nine months ending September 30.
For the third quarter of 2014, net revenues also increased by 3% to $529 million.
Operating income at the business for the first nine months of 2014 was down 14% y/y to $156 million.
President and CEO Gordon Wilson says the Beyond Air segments of the business (hospitality, the eNett payment majority ownership) have increased by 14% y/y.
eNett in particular has seen revenue growth of around 45% in the third quarter in 2014.
Wilson says:
"We are particularly excited that within our Travel Commerce Platform, Beyond Air revenue is showing acceleration driven in particular by hotel distribution and our eNett payments business, and that our airline merchandising capabilities have been enhanced through the launch of the latest iteration of our Smartpoint point of sale product.
"This all bodes well for the future, and we remain committed to investing in our platform, continuing to develop leadership positions and delivering sustainable, long-term growth in order to provide attractive long-term returns to our shareholders."
The Q3 earnings report comes six weeks after the company listed in New York, raising some $480 million from the sale of 30 million shares.
Since then the Travelport (TVPT) share price has reached a high of $17.70 to a low $11.86 per share, from a starting price of $16.
NB:Full earnings report here.